Alesco Shares Hammered Lower
Building and housing products supplier, Alesco Corporation saw its shares pounded yesterday after it surprised the market with an after hours profit downgrade on Tuesday evening.
Read MoreBuilding and housing products supplier, Alesco Corporation saw its shares pounded yesterday after it surprised the market with an after hours profit downgrade on Tuesday evening.
Read MoreIt’s only a tiddler of a deal, but the merger announced yesterday between Aurox Resources and Atlas Iron set off a dramatic share price surge for one of the partners.
Read MoreThe gulf between Australia and the US has again been underlined.
Read MoreMore figures on China’s economy out later today, but already the flow of early data suggests still strong growth.
Read MoreAtlas Iron made a statement to the ASX yesterday, but not concerning any possible deal for its Ridley project in Western Australia.
Read MoreShares in Centrebet International rose sharply yesterday after it revealed possible takeover talks.
Read MoreSlowly the size of the bills for Victoria’s storms and Queensland’s floods, are taking shape.
Read MoreThe Australian economy’s recovery is accelerating, as two surveys yesterday indicate.
Read MoreEither the latest job ads survey from the ANZ Bank is a tip off that the labour market is tightening significantly, or it’s playing catch up to the real economy after showing a fall in ads in January.
Read MoreArrow Energy shares bounded past $5 yesterday in the wake of a proposed offer surfacing from major shareholder, Shell, in partnership with PetroChina.
Read MoreAmid the hysteria in the energy sector caused by yesterday’s joint bid for Arrow Energy, smaller rival, Bow Energy was swept up in the surge in the wake of its release of upgraded resource figures.
Read MoreHard on the heels of Friday’s deal with a Japanese steel mill for a 50% price rise for hard coking coal, BHP Billiton has revealed the settlement of 2010 deals with other buyers in China, Europe and Japan.
Read MoreNickel miner Western Areas NL and gold producer Troy Resources NL says they have accelerated drilling at their Sandstone joint venture in Western Australia after making an interesting new nickel discovery.
Read MoreStill in the resource sector, something is up at iron ore miner, Atlas Iron.
Read MoreOil prices rose Friday to finish well above $US81 a barrel after the US jobs figures.
Read MoreLihir Gold may have finally freed itself from the very expensive mistake on the Ballarat goldfield in Victoria that has cost it more than $400 million.
Read MoreUS stocks jumped and the Nasdaq hit an 18-month on Friday night after the February jobs numbers turned out to be a bit better than forecast.
Read MoreHard on the heels of news of offers flying to and fro in the steel industry for 2010 iron ore pricing, BHP is reported to have struck an innovative new short term contract with a big Japanese steel mill that contains a 55% price rise for hard coking coal.
Read MoreShares in Linc Energy jumped 10% and more yesterday at one stage after a bullish update on its Queensland coal interests.
Read MoreA week on from the release of the 2010-11 Indian budget, the country seems to have survived any test of confidence in the country’s prospects with the usual collection of bears, worriers, etc more focused on the tribulations of Greece than India.
Read MoreThe 2010 iron ore contract talks are settling down to the tough stuff, with Chinese media leaks and reports claiming that Rio Tinto and Vale of Brazil, want steelmakers in Asia to pay 50% more, and BHP Billiton asking the mills to lift their spot purchases.
Read MoreA week ago we gave you the thinking of the World Gold Council on the outlook for gold in the coming year.
Read MoreAs risk worries have eased this week, the Australian dollar regained the 90 US cent mark, trading in a 2 cent range over the past few days.
Read More2000 turned out to be quite a good year for Australia, much, much better than we all thought a year ago.
Read MoreThe AMP’s chief economist, Dr Shane Oliver, says that as we approach the one year anniversary of the bear market low in shares (Australian shares bottomed on March 6, 2009 and US shares bottomed on March 9) things are vastly different; the economy is much stronger than expected and corporate profits are recovering solidly.
Read MoreCar sales in the US, Germany and Italy stalled last month, a situation that could put further pressure on embattled manufacturers if it continues, and on beleaguered economies as well.
Read MoreIt was a far more positive story in Australia where industry figures showed the number of cars shipped to dealers rose in both February 2009 and January of this year.
Read MoreMacquarie Group is looking to float oil and gas services firm Miclyn Express Offshore in an initial public offering that could raise up to $365 million.
Read MoreTelstra shares touched a new low yesterday after the company released a letter to shareholders in which it raised more questions about its talks with the government over the National Broadband Network.
Read MoreLittle wonder that shareholders in Nufarm okayed a tie up with Sumitomo of Japan yesterday.
Read MoreRetail sales were solid; the 1.2% rise in January was again driven by a rise in spending in cafes, takeaway joints and eateries.
Read MoreInterest rates will continue heading higher in 2010.
Read MoreRio Tinto, the world’s third- largest mining company, will spend $C245 million to increase its holding in Ivanhoe Mines Ltd., its partner in the Oyu Tolgoi project in Mongolia.
Read MoreA day after revealing a solid inter profit, AFL Energy has revealed plans to go deeper into wind energy.
Read MoreStill no definite news about what’s going on at Sigma Pharmaceuticals.
Read MoreSigns of a slowdown in the New Zealand economy, just when everyone thought it was on the road to recovery?
Read MoreCould we get another quarter of lower than expected economic growth?
Read MoreWarren Buffett’s Berkshire Hathaway saw 4th quarter profit jump sharply, thanks to derivatives tied to the rise and fall of major stockmarkets.
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